Businesses ‘Concerned’ Over Trump Moves [Video]

CNBC’s Andrew Ross Sorkin said on Wednesday that the “business community” is privately “concerned” over President Donald Trump’s promised tariffs.

Sorkin joined MSNBC’s Morning Joe to discuss a new report showing that consumer confidence has dropped to an eight-month low. The widely-used index for consumer confidence dropped seven points in February, sinking to the lowest point in eight months, the Conference Board noted in their report.

Sorkin argued not many business leaders are willing to publicly share their concerns, but they are privately worrying about some of Trump’s economic promises, including major tariffs he plans to impose on Canada, Mexico, and China.

Sorkin said:

The business community, while maybe not acknowledging it as publicly as they should, is starting to get concerned themselves about the tariff piece, about the taxes piece, about what’s happening geopolitically, and just, frankly, how much things have actually stalled out despite all of the things we heard were supposed to …